Whats your plan regarding the new margins?
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- This topic has 24 replies, 8 voices, and was last updated 6 years ago by bezieh.
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04/19/2018 at 10:38 AM #6876404/19/2018 at 11:48 AM #68778
Lol fuck me, i just got a mail from IG telling me they want “pic for proof”… wondering if i should photoshop an image lol. (im not gonna do that tho)
guess ill just never reply..
Ive done so much and feel like i have truly come a long way compared to where i started..
My systems have been live for only a few months and they actually have been profitable.. how sad it would be if i couldnt trade any of my systems come july…
If i can afford only 1 or 2 systems tops i guess i would be force to try my best systems and just have to wait X amount of years hoping that everything is STILL profitable as i get more money (savings and hopefully from profits)…
04/19/2018 at 12:46 PM #68788wondering if i should photoshop an image
I’d send them an image of you sitting on top of a big pile of dollar bills.
04/19/2018 at 12:48 PM #6879004/19/2018 at 12:57 PM #6879204/20/2018 at 7:22 AM #68851I am trading mini contracts now hehe. 1€ contracts..
Margins up x10 means i need x10 the money i got today lol.
I can still afford to run 2 systems i think… Damn that sucks! Not sure whether i should just stop making systems or what now.. Maybe only focus on stocks now…
04/20/2018 at 8:29 AM #68852Maybe only focus on stocks now…
I think a lot of small traders will start to think the same way. If you only have enough margin to run one or two strategies then you are putting all your trading eggs into one basket. With no diversification your equity curve is likely to be very erratic. All this algo coding and studying is hardly worthwhile for small traders if all they have to show for it are one or two strategies and an erratic equity curve. Why bother when you could just put the money with a robo-advisor and have diversification and an 11% annual return (maybe) or just buy a big index ETF or two and check them daily and read the news to keep tracks on whether you should sell or not. The returns would be lower but the workload and stress and risk (the lower the starting capital the higher the risk of losing it) would be much lower. Remember that big indices do not drop to zero. Individual stocks do and spread betting/CFD accounts do.
At some point you just have to weigh up the work, stress and risk and make an investment decision.
I think that the regulators have forgotten that it is our own money and we can lose it, sorry use it however we so wish!
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04/20/2018 at 8:44 AM #68854I am trading mini contracts now hehe. 1€ contracts..
Margins up x10 means i need x10 the money i got today lol.
I can still afford to run 2 systems i think… Damn that sucks! Not sure whether i should just stop making systems or what now.. Maybe only focus on stocks now…
I had a dream that we was able use prorealtime and proorder with other brokers..
https://www.nordnet.se/tjanster/nordnet-markets/nordnet-markets.html
https://www.avanza.se/borshandlade-produkter/avanza-markets/om-avanza-markets.html
and no tax on profits and no paperwork
04/20/2018 at 1:55 PM #68875These margin rule changes are terrible. If you’re serious about trading with serious leverage I would be opening an account in another jurisdiction. Australia might change margin rates to match the EU but I doubt it – well I hope there’s no change. The only area that’s getting a bad name in Australia is spread betting and that’s manly due to scams. Who knows IG might implement micro lots if they start losing customers so at least you will be able to diversify.
04/22/2018 at 2:35 PM #68928I am trading mini contracts now hehe. 1€ contracts..
Margins up x10 means i need x10 the money i got today lol.
I can still afford to run 2 systems i think… Damn that sucks! Not sure whether i should just stop making systems or what now.. Maybe only focus on stocks now…
I had a dream that we was able use prorealtime and proorder with other brokers..
https://www.nordnet.se/tjanster/nordnet-markets/nordnet-markets.html
https://www.avanza.se/borshandlade-produkter/avanza-markets/om-avanza-markets.html
and no tax on profits and no paperwork
Haha det vore guld eller hur, om det gick :p
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